Hudson will also take on management of the £730m Luxembourg-domiciled Schroder ISF UK Opportunities.
The UK Opportunities fund is down some 0.7 per cent over the last 12 months, compared to an IMA UK All Companies sector average 8.76 per cent return.
Schroders head of investment Peter Harrison says: “Matt Hudson is an extremely talented investor with excellent investment performance and extensive experience running both equity and income portfolios.”
Schroders head of UK intermediary Robin Stoakley says: “The business cycle approach is a key investment strategy for us which is why we have appointed Matt Hudson, whose track record is excellent, to manage these funds.”
The firm announced Dean’s departure today in a move which sees the ex-Cazenove business cycle investment team take over management of the £316m Schroder UK Growth trust.